11-13SSI-AN-Feed-Report

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Report: Analysis of the Global Animal Feed Ingredients Market

Report Summary

Varied farming practices, contagious zoonotic diseases and high-profile food scares are but a few of the challenges emerging in the animal feed market. Despite the potential restraints of supply, demand, cost and awareness, it appears natural ingredients are bound to surpass synthetic counterparts in the long run.

Editor's Take

The global animal feed ingredients market was worth $12.19 billion in 2012 and is expected to reach $17.28 billion in 2019, expanding at a compound annual growth rate (CAGR) of 5.1 percent. "Natural" ingredients hold great potential for development, as demand increases for more functional properties and less chemical exposure across the supply chain.

Takeaways for Your Business

  • Food safety issues tied to chemical use and volatility in raw material prices are challenges.
  • Products with superior nutritional benefits and high efficacy are expected to drive revenue.
  • Poultry and swine meat consumption growth outpaces that of beef in developed economies.

About the Author

Christopher Shanahan
Christopher Shanahan is the global program manager of Frost & Sullivan’s Food & Agriculture Practice. Shanahan assists and advises companies with impartial insight into the food ingredient and specialty chemical industries. He has more than 10 years' experience covering a broad range of subjects including: market expertise in functional food ingredient markets, including proteins and weight management ingredients, omega-3, probiotics, and animal feed and pet food markets; and econometric-based market analysis including product innovation adoption models and business strategy decision models, statistical benefit-cost analysis, market forecasting and scenario engineering, and pricing strategy and supply-chain/distribution channel optimization models. Shanahan holds a master's from Ohio State University in agricultural economics and his work has been featured in various trade publications, such as the Review of Agricultural Economics Journal, Agribusiness and the International Food and Agribusiness Management Association Review, Journal of Food Products Marketing and Natural Products INSIDER.